As build-to-rent (BTR) demand rises, single-family rental (SFR) development has become more efficient in creating a distinct, community-focused experience for renters. Newly released U.S. Census Bureau data confirms that SFR/BTR development continues to be robust and stable, with its annualized pace of construction in the first quarter of 2025 matching the previous quarter’s tally.

Asset Valuations Hold Steady as Credit Conditions Improve
While markets undergo rapid recalibration, the small multifamily real estate sector’s performance remains strong and stable. Arbor’s Small Multifamily Investment Trends Report Q2 2025, developed in partnership with Chandan Economics, details how the sector’s resilient fundamentals effectively support its growth amid ongoing economic volatility.
Key Findings
- Small multifamily valuations held steady in the first quarter of 2025.
-
Revised estimates of 2024 origination volume increased the annual total by 28%.
-
Debt yields fell, and LTVs jumped as credit standards eased.